'We kept this Budget on a larger plank, rather than on one incident, however serious.'
'Trump says India will buy over $500 billion of US goods.' 'At present, India's annual imports of goods and energy from the US are under $50 billion.' 'Reaching $500 billion would likely require more than 20 years, suggesting the figure refers to a long-term aspiration rather than a near-term commitment.'
The resilience of the economy and strength of domestic demand will continue to make India an engine of growth amid the rapidly evolving global trade landscape as a result of US tariffs, Finance Minister Nirmala Sitharaman said in London on Tuesday.
There has been no loss of revenue arising out of the Antrix-Devas deal as the agreement has been annulled, the Lok Sabha was informed on Wednesday.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
'ISRO facilities are very expensive and any damage caused by these start-ups can create havoc to our space programme.'
The Union Cabinet on Wednesday approved 'Mission Karmayogi', dubbed as the biggest bureaucratic reform initiative, aimed at capacity building of government employees to make them more "creative, proactive, professional and technology-enabled". The core guiding principles of the competency-driven programme will be to support a transition from "rules based to roles based" HR management to prepare the Indian civil servant for the future, according to a government statement.
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
India is only the fourth country to acquire such a specialised and modern capability after the United States, Russia and China.
FinMin does not expect tax or non-tax revenue to reach anywhere close to the targets set in the interim Budget. Sources say that the challenge before the new government will be either to accept the reduced projection and tailor the Budget accordingly or set a more ambitious target.
The ministry's year-end review is silent on the continued occupation by Chinese troops of territory that India has always claimed and patrolled.
Syed Firdaus Ashraf/Rediff.com tracks Prime Minister Narendra Damodardas Modi's project-launching spree with just about three months to go for the assembly election in India's most populous state.
Hitting back at Arvind Kejriwal over the DDCA row, Finance Minister Arun Jaitley on Thursday accused him of spreading "false propaganda", saying he seems to believe in untruth and defamation and delivers a language that borders on hysteria.
How Modi retrieves the situation and how he enlists new allies in the next two years will show if the BJP is fighting fit, report Sunil Gatade and Venkatesh Kesari.
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Cabinet likely to pave way for the 'super-rich' tax today.
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
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Eminent free market economist Arvind Panagariya has been appointed to run Indian Prime Minister Narendra Modi's new Policy Commission, set up to modernise economic strategy after decades of Soviet-style central planning.
Ajit Doval is now India's all-powerful security boss. This concentration of power disrupts our layered security system. Will it not weaken whatever remains of the power and authority of the home, defence and finance ministers? asks Shekhar Gupta.
Mr T V R Shenoy, who contributed columns to Rediff.com from its birth, passed into the ages on Tuesday evening. As we grieve and mourning his passing, Ambassador M K Bhadrakumar bids adieu to an unusual human being, a sage for our times.
'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.
'What the government should do to create jobs is to help revive the MSME sector.' 'This sector gives employment to lakhs of people.' 'The MSME sector provides more employment than the big industries.' 'So, what should be done immediately is to revive the MSME sector.'
Manish Sisodia's elevation as Delhi CM would set Arvind Kejriwal free to take up a significant role in national politics, or he could return to activism, says Sudhir Bisht.
Calculated or otherwise, if Azhagiri's firing of the first salvo after Karunanidhi's death does not create some space for him to politico-electorally exploit at a later date, there may not be any space left for him at all, says N Sathiya Moorthy.
20 years ago this day, May 11, 1998, India conducted its second nuclear test at Pokharan in Rajasthan. In a fascinating interview on Rediff.com, K Subrahmanyam revealed how Indian PMs reacted to nuclear ambitions.
Jaitley has managed the difficult feat of sticking to the fiscal correction.
'We have been found seriously wanting in addressing our undersea warfare capability and China's emergence is a cause for concern.'
To elect, or re-elect a chief minister, the AIADMK needs to call only the MLAs for a meeting. But to elect a new general secretary, it would have to conduct direct elections with all registered cadres participating and voting. And that is just the beginning of its problems, says N Sathiya Moorthy.
A glance back at some of the important ups and down Indian Inc faced in 2018.
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